Report: Yahoo CEO to step down amid resume miscue

The Journal cited "multiple" unnamed sources close to the situation in reporting that the Internet giant will say Thompson is stepping down for personal reasons.

Thompson has come under fire for mentions on his resume and in regulatory filings of a computer science degree he never received.

The Journal reported that Yahoo Inc.'s board will meet Sunday to accept the resignation and appoint the company' global media head, Ross Levinsohn, as interim CEO and to select new directors and a new chairman.

The new board members reportedly are three of those nominated by Daniel Loeb, an activist shareholder and manager of hedge fund Third Point.